Question

Jesse's store buys phone cases for $8 and marks them up 85%. How much does his store sell them for? Round to the nearest cent.

Answer 1

Jesse's store will sell the phone cases for $14.80

Explanation:

Cost price of the phone cases purchased by Jesse = $8

He marks them up 85%.

Therefore, selling price of the phone cases = $8 + (85% of $8)

= 8 + (
`(85)/(100)* 8`)

= 8 + 6.80

= $14.80

Jesse's store will sell the phone cases for $14.80